will be a little more difficult. >> that is absolutely true, scott. j.c. penney is really a story in turmoil, company in turmoil, due to a transition isn't working out. the reason that we know that a transition to the new jcp isn't working, look at numbers. same-store sales are plunging and free cash flow is in a free fall and revenues, earnings, margins, all going in a right direction so until j.c. penney can prove that they are no longer burning through cash like crazy, this stock, in my view, is just very bearish, could really go no the low teens, single digits, and the way that we would see that sort of a transition would be any kind of improvement, sustained improvement. macy's, on the other hand, retail done right, really executed on great strategies relative to local merchandising, aligning the stores with the internet mobile and the quarter was great out of $1 billion to the top line and double-digit earnings growth for 2012 for the fourth year in a row.